Question

prepare correct trial balance from the following wrong trial balance:
name of account. amount. amount
capital. 2250. _____
sales _____. 5000
salary and rent. _____. 500
opening stock. 1500. _____
machinery. 1250. _____
creditors. _____. 750
debtors. _____. 1500
closing stock. ______. 1000
cost of goods sold. 3750. ______​

Answer 1

Answer:

• capital cr 2250

• sales cr 5000

• salary and rent dr 500

• opening stock dr 1500

• machine dr 1250

• creditor cr 750

• debtor dr 1500

• closing stock not to be taken in to trial balance

• cogs dr 3750

• after all the surplus is 500(total dr balance - total cr balance)